Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Tropical Storm Danny Weakens; East Coast Likely Spared Hurricane
Aug 28 2009 // Tropical Storm Danny weakened in the Atlantic Ocean Thursday and was no longer expected to become a hurricane, but it edged closer to the U.S. coast on a path that could take it to Canada’s Atlantic provinces by...
Hurricane Bill Drenches Eastern Canada; Two Die in U.S.
Aug 24 2009 // Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive...
Swine Flu, Cross-Border Trucking on U.S., Canada, Mexico Summit Agenda
Aug 10 2009 // Leaders of the United States, Mexico and Canada gather today to present a united front to try to limit the spread of the H1N1 swine flu, but there is less unity on simmering trade issues. U.S. President Barack Obama,...
New Earthquake Risk Models Likely To Reduce Insured Loss Estimates
Aug 6 2009 // Newark, Calif.-based Risk Management Solutions (RMS) has unveiled its next-generation models for North America earthquake risks, covering the United States and Alaska, Canada and Mexico. The new models are likely to lead...
M&A Activity Continues at a Snail’s Pace Compared to 2008
Aug 3 2009 // Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year...
OdysseyRe Appoints Morvan New Chief Agent for Canada
Jul 28 2009 // OdysseyRe Holdings Corp. has appointed Lambert Morvan as Senior Vice President and Chief Agent, with responsibility for the management of OdysseyRe’s Canadian operations within the Americas Division. He will be based...
Canada’s Insurers Respond Quickly to Wildfire Crisis
Jul 23 2009 // Insurers in British Columbia “are acting quickly to assist those whose homes and businesses have been affected by the forest fires currently raging in the province,” notes a bulletin from the Insurance Bureau...
Ratings: Ocaso, HSB Engineering, Accident & General, Consumer Services, Royal Bank of Canada
Jul 16 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa-” of Spain’s Ocaso, S.A. Seguros y Reaseguros, both with stable outlooks....
Collector Car Specialist Hagerty Expands into Canada
Jun 25 2009 // Beginning in June 2009, Michigan-based Hagerty Insurance, a major provider of provider of collector vehicle insurance, expanded its operations into Canada. “The move will allow Canadian enthusiasts similar insurance...
Ratings: Everest Re (Ireland), Bosna Re, Peace Hills, Farmers (NZ), Swiss Re (debt), Optimum
Jun 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Everest Reinsurance Co. (Ireland) Ltd. S&P also said the outlook on Everest Re...
The Globalized Broker Network
Jun 15 2009 // Assurex Global Struck Gold with Partners Around the World Assurex Global Year Founded: 1954 Locations: 500 offices on six continents Employees: 20,000 Annual Premium Volume: $28 billion Annual Revenue: $3.4 billion Assurex...
Ratings Roundup: Elwood, CIBC Re, Mapfre Praico, RenRe
Jun 10 2009 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of “B++’ (Good) and issuer credit rating of “bbb” of Bermuda-based Elwood Insurance Limited....
Best Affirms Intact Insurance (former ING Canada) ‘A+’ Ratings
Jun 5 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Toronto-based Intact Insurance Group, the former ING Canada Group. It...
Canada’s Auto Insurers Call for Effecftive Cost Control for Consumers
May 26 2009 // The Insurance Bureau of Canada, which represents 95 percent of the Country’s P/C carriers, has reacted strongly to charges that they oppose reforms in the auto sector. The IBC stated: “An alliance of medical/...
Ratings Recap: Endurance, CRC Re
May 1 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed...
Marsh Reports Captives Maintain Position Despite Economic Crisis
Apr 28 2009 // A study, published by Marsh, finds businesses continue the trend to self-insure through captives. “Despite the global economic recession and continued soft commercial insurance market, businesses in all parts of the...
EU to Launch Canada Trade Pact Talks
Apr 27 2009 // European Union foreign ministers agreed on Monday to launch talks on a trade pact with Canada worth over $27 billion per year, EU diplomats said. “The ministers gave the green light,” one diplomat told Reuters....
Freberg, ZCL Target Florida with Underground Storage Tank Insurance
Apr 23 2009 // ZCL Composites Inc., an underground fiberglass tank manufacturer, has partnered with Freberg Environmental Insurance of Denver to offer Prezerver, a non-cancellable, 10-year underground storage tank insurance policy for...
S&P Revises Outlook on ACE Canada to Positive; Affirms ‘A’ Ratings
Mar 25 2009 // Standard & Poor’s Ratings Services has revised its outlook on Toronto-based property and casualty insurer ACE INA Insurance (ACE Canada) to positive from stable. S&P also affirmed the long-term...
People
Mar 23 2009 // Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in...
